China Newsbase

Retail Investors in Halted Ant Group IPO Still Saddled With Margin Loan Costs

Financial institutions in Hong Kong had loaned nearly HK$520 billion to mom-and-pop investors

July 20, 2021 Source: caixinglobal

Ant Group Picks 29 Strategic Investors for Shanghai Leg of Record IPO

Four foreign companies are among the chosen few, but Alibaba takes lion’s share of offering

July 20, 2021 Source: caixinglobal

Update: Ant Group Sets Share Prices for World’s Largest IPO

Equity sale at about $10.30 a share in HK and Shanghai will raise a record $39.41 billion and value the fintech giant at $314.5 billion

July 20, 2021 Source: caixinglobal

Update: Ant Group Clears Last Hurdle for Dual IPO

Fintech star has received final blessings for its Shanghai, Hong Kong listing

July 20, 2021 Source: caixinglobal

Ant Group Raises IPO Plan to $35 Billion- PingWest

Beijing (PingWest)—Ant Group, the fintech affiliate of Alibaba, is seeking to lift its funding target to $35 billion through its IPO.The company's new target is based on an expanded valuation of $250 billion, revised from a previous estimate of $225 billion which could have raised $30 billion, Bloomberg said, citing sources.Ant Group's parallel listings on the Hong Kong and Shanghai stock exchanges would mark the biggest float on record, beating Saudi Aramco's record-shattering $25.6 billion IPO.Ant Group is following in the footsteps of parent Alibaba, which opted for dual listing in Hong Kong in November last year, as U.S.–China tensions flared. Jack Ma's Alibaba holds a 33% non-controlling stake in Ant Financial.According to the Wall Street Journal, the IPO is expected to take place in October.Ant Group was formed in 2014 to run Alipay, a digital payment service that has seized 55% market share in China and gets bulk of its revenue from financial services, including quick loans, wealth management, and insurance.In the first half of 2020, Ant Group brought in 72.5 billion yuan ($10.5 billion) in revenue and scored a profit of 21.2 billion yuan ($3.1 billion).

July 19, 2021 Source: PingWest

Jack Ma’s Ant Group Wants Tech Analysts to Help Cover Its Stock

Company has told at least seven brokerages that it wants tech analysts to provide research on its stock

July 19, 2021 Source: caixinglobal

In Depth: Private Equity Firm Accused of Misconduct in Ant Group Stake Sale Involving Trust Investors

Investors in Primavera Capital fund say firm cheated them out of returns by offloading a 0.1% stake in the finch superstar on the cheap

July 19, 2021 Source: caixinglobal

Ant Group Reveals Stake Owned by Primavera Capital Chairman’s Relatives

Disclosure casts doubt on the private equity firm’s denial that it engaged in self-dealing after investors accused it of cheating them out of millions of dollars

July 19, 2021 Source: caixinglobal

Ant Group Files for Dual Listing in Hong Kong and Shanghai

The fintech giant hopes to raise $30 billion, potentially besting Saudi Aramco’s record IPO earlier this year, sources say

July 19, 2021 Source: caixinglobal

Exclusive: Ant Group Loses Two Key Executives as IPO Looms, Sources Say

Yu Shengfa, the company’s vice president and chief risk officer, and Hu Xi, chief technology officer, have both departed

July 19, 2021 Source: caixinglobal

New Consumer Lending Arm Gives Ant Group License to Lend a Lot More

Alibaba’s fintech affiliate plans to establish Ant Consumer Finance with a registered capital $1.2 billion in a bid to boost growth of its online finance business

July 19, 2021 Source: caixinglobal

Exclusive: Ant Group Aims to Raise $30 Billion in Record-Shattering IPO

The financial giant looks to sell 10% of its shares in Shanghai and another 5% in Hong Kong, sources say

July 19, 2021 Source: caixinglobal

Caixin Insight: Ant Group Ushers in Wave of IPOs

President Xi Jinping calls for economic reorientation toward domestic market

July 19, 2021 Source: caixinglobal

Mapping China's Tech Giants | Australian Strategic Policy Institute

Chinese technology companies are becoming increasingly important and dynamic actors on the world stage, but their growing influence also brings a range of strategic considerations.

July 8, 2021 Source: Mapping China's Tech Giants | Australian Strategic Policy Institute

China’s STAR Market Regains Some Sparkle With Syngenta IPO

A planned $10 billion listing by the pesticide and seed giant would be a win for Shanghai’s STAR Market, as China gets tougher on overseas stock sales.

July 7, 2021 Source: WSJ

Ant Group Aims to Cut Carbon Emissions by 30% by 2025

July 1, 2021 Source: caixinglobal

Blockchain-Backed Art Is Not Cryptocurrency, Ant Group Stresses Amid Crackdown

Company behind Alipay tries to dispel confusion over what makes NFTs different after successful sale led some to question if the company was breaking China’s rules

July 1, 2021 Source: caixinglobal

WSJ News Exclusive | Jack Ma’s Ant in Talks to Share Data Trove With State Firms

Ant Group is in talks with Chinese state-owned enterprises to create a credit-scoring company that will put the fintech giant’s proprietary consumer data under regulators’ purview.

June 23, 2021 Source: WSJ

China’s Tech Clampdown Is Spreading Like Wildfire

The latest salvos in China’s campaign against its tech companies make one thing clear: Jack Ma’s businesses aren’t the only ones under the regulatory microscope.

June 6, 2021 Source: WSJ

Ant to Change How It Makes Loans With New Consumer-Finance Company

The Jack Ma-controlled mobile-payments company will hold a 50% stake in the new entity, with the rest held by six other shareholders.

June 3, 2021 Source: WSJ